Kera Capital Partners Inc. Grows Position in Monster Beverage Corporation $MNST

Key Points

• Kera Capital Partners Inc. increased its holdings in Monster Beverage Corporation by 114.5% in the second quarter, now owning 9,161 shares valued at approximately $574,000.
• Multiple analysts have varied recommendations on Monster Beverage, with 12 analysts assigning a Buy rating and a consensus target price of $65.10, while recent price objectives from firms like Bank of America and JPMorgan Chase indicate bullish sentiments.
• Monster Beverage reported earnings of $0.52 EPS, exceeding analysts' expectations, with quarterly revenue increasing 11.1% year-over-year to $2.11 billion.

Kera Capital Partners Inc. increased its position in Monster Beverage Corporation (NASDAQ:MNST - Free Report) by 114.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,161 shares of the company's stock after purchasing an additional 4,891 shares during the quarter. Kera Capital Partners Inc.'s holdings in Monster Beverage were worth $574,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wayfinding Financial LLC purchased a new position in shares of Monster Beverage in the 1st quarter valued at approximately $29,000. Park Square Financial Group LLC purchased a new position in shares of Monster Beverage in the 4th quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Monster Beverage by 37.1% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 724 shares of the company's stock valued at $42,000 after purchasing an additional 196 shares during the period. Banque Cantonale Vaudoise purchased a new position in shares of Monster Beverage in the 1st quarter valued at approximately $43,000. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in shares of Monster Beverage by 21.2% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,314 shares of the company's stock valued at $77,000 after purchasing an additional 230 shares during the period. Hedge funds and other institutional investors own 72.36% of the company's stock.

Analyst Upgrades and Downgrades

MNST has been the subject of a number of analyst reports. Redburn Atlantic lowered Monster Beverage from a "strong-buy" rating to a "hold" rating and reduced their price objective for the company from $63.00 to $60.00 in a research report on Wednesday, July 9th. JPMorgan Chase & Co. raised their price objective on Monster Beverage from $64.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Bank of America raised their price objective on Monster Beverage from $66.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Citigroup raised their price objective on Monster Beverage from $70.00 to $74.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, The Goldman Sachs Group raised their price objective on Monster Beverage from $67.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, June 13th. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $65.10.

Insider Activity at Monster Beverage

In other Monster Beverage news, Director Mark Vidergauz sold 10,000 shares of Monster Beverage stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $63.73, for a total value of $637,300.00. Following the completion of the sale, the director owned 51,191 shares of the company's stock, valued at approximately $3,262,402.43. This trade represents a 16.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.30% of the company's stock.

Monster Beverage Trading Up 1.4%

Monster Beverage stock opened at $64.69 on Friday. The firm has a market cap of $63.17 billion, a price-to-earnings ratio of 40.18, a PEG ratio of 2.22 and a beta of 0.54. The stock has a fifty day simple moving average of $61.69 and a two-hundred day simple moving average of $60.44. Monster Beverage Corporation has a 12 month low of $45.70 and a 12 month high of $66.75.

Monster Beverage (NASDAQ:MNST - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.08 billion. Monster Beverage had a return on equity of 27.46% and a net margin of 20.54%.The company's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS. On average, equities research analysts forecast that Monster Beverage Corporation will post 1.62 EPS for the current fiscal year.

About Monster Beverage

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.

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